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/biz/ - Business & Finance

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28094032 No.28094032 [Reply] [Original]

Bros...

>> No.28094151
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28094151

they will never stop
obviously
and they are the only buyers

>> No.28094184

>>28094032
What does this mean

>> No.28094340

>>28094184
>What does this mean
pump imminent, this is not a drill

>> No.28094377

pamp it

>> No.28094480

>>28094184
Nothing
They're increasing the supply to accommodate the increasing demand
Tether will stay at 1 dollar

>> No.28094496

>>28094032
Buying in now, not missing the pump again

>> No.28094505

explain this to a brainlet

>> No.28094523

This is now /tsg/ tether schizo general

>> No.28094599

WHAT DO I BUY
WHAT DO I BUY
WHAT DO I BUYYYYYYYYY
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.28094603

>>28094184
It means the government has a plug they can legally justify cutting at anytime.

>> No.28094617

>>28094032
>he didn't say tron replenishment
fuck

>> No.28094639

>>28094505
Tether is the biggest on/off ramp from Fiat to crypto. Tether trades USD to Tether 1:1.
So if Tether prints 600M Tether that means...?

>> No.28094683

>>28094599
Unironically Silver.

>> No.28094731

>>28094639
1. theyre printing it without the money to back it up
or
2. someone is giving them the money to back it up

>> No.28094759

>>28094505
some corp or investors are converting cash to crypto

>> No.28094867

>>28094032
I just FOMO'd and bought 6000 tether. am I gonna make it?

>> No.28095008

Tether pumps are irrelevant.

Tether pumps happen because when the crypto market cap increases, the stablecoin market cap also increases. It's not a surprise. Stablecoin market cap is proportional to crypto market cap.

New buyers typically buy with fiat, and sellers typically sell for stablecoin. so it's no surprise that on bitcoin pumps, tether gets printed

the idea that tether are printing fresh USDT out of thin air to buy bitcoin is ridiculous

One thing to note is that every time tether is printed, tether is above the peg. Note in the screenshot above, 600m USDT = 601m USD. Again, makes sense. USDT rises above its peg on more demand for it, so someone mints USDT and makes that sweet $1m arbitrage.

>> No.28095045

>>28094731
https://news.bitcoin.com/bitcoin-for-corporations-michael-saylor-expects-an-avalanche-of-firms-to-own-bitcoin/

And now that it's been revealed the Tether printing was Tesla all along... Guess what's happening right now

>> No.28095067

>>28094032
'Pomp it'

>> No.28095118

Bitcoin pumps, tether fud returns.

>> No.28095269
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28095269

>>28094599
>>28094683

>> No.28095719
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28095719

>>28095008
This anon knows what is happening. Even I use Tether all the time. When Elon send millions his fans to Binance and Coinbase amount of Tether needed would have skyrocketed also.

If anything it tell's us how much they expect new fiat to flow into crypto.

>> No.28095908

>>28095045
what? i cant guess

>> No.28096389
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28096389

>>28094151
cope